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Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Tuesday, January 13, 2009

China Hongx 130109

After breaking the 0.205 support (green --) yesterday, China Hongxing continues to trade within the downtrend channel (pink), and also broke the 0.200 support (blue --) today, closing on the 0.195 support (red --).

As you can see from the chart, we could see China Hongxing hitting the 0.190 support (lightblue --), which is also where the downtrend support (low pink) meets the uptrend support (low blue).

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For tomorrow :

Support @ 0.192 (low pink), 0.190 (low blue, lightblue --), 0.185 (red ...), 0.180 (lightblue ...)
Resistance @ 0.198 (mid blue), 0.200 (blue --), 0.205 (green --), 0.208 (upp blue), 0.210 (blue ...)
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